SAN RAFAEL, Calif. — (BUSINESS WIRE) — June 24, 2010 —
Autodesk,
Inc. (NASDAQ:
ADSK) today updated its business outlook for the second
quarter of fiscal 2011 and introduced its target long term business
model.

Autodesk indicated that it is pleased with global demand levels,
including EMEA. As a result, the company is raising the bottom end of
its second quarter business outlook.

“While our near-term outlook is balanced by our cautious view of the
pace of the global recovery, we continue to be optimistic about long
term growth,” said
Carl
Bass, Autodesk president and CEO. “At our Investor Day event today
we will discuss the reasons for our confidence in our target long-term
business model.”

At today’s Investor Day event, key members of Autodesk’s senior
management team will deliver presentations that provide insight into
Autodesk’s current customer base; illustrate the company’s long-term
opportunities for growth; provide perspectives on how technology trends
will influence its markets; and outline how Autodesk intends to
capitalize on various industry trends.

Second Quarter Fiscal 2011 Business Outlook

The following statements are forward-looking statements which are based
on current expectations and which involve risks and uncertainties, some
of which are set forth below.

Revenue is now expected to be between $445 million and $460 million. The
previously provided guidance range for revenue was $435 million to $460
million.

On a GAAP basis, earnings per diluted share are now expected to be in
the range of $0.14 and $0.17. Previously provided guidance for GAAP
earnings per diluted share was $0.12 to $0.17. On a non-GAAP basis,
earnings per diluted share are expected to be in the range of $0.25 and
$0.28, excluding $0.06 related to stock-based compensation expense,
$0.04 for amortization of acquisition related intangibles, and $0.01
related to restructuring charges. Previously provided guidance for
non-GAAP earnings per diluted share was $0.23 to $0.28.

Based on its business strategy and expectations about the global
economy, the company set a target long-term business model of 12-14
percent compound annual revenue growth and non-GAAP operating margin of
at least 30 percent. Targeted attainment of the business model is
approximately five years. Autodesk is not able to provide targets for
GAAP operating margins at this time because of the difficulty of
estimating excluded GAAP items that would affect our operating margin,
including charges related to stock-based compensation expense and
amortization of acquisition related intangibles.

Investor Day Webcast

Autodesk will host its annual Investor Day meeting today at 11:30 a.m.
ET. The live audio broadcast with slides can be accessed at
http://www.autodesk.com/investors.
A webcast replay and podcast replay of the event will be available
beginning later today on our website at
http://www.autodesk.com/investors.
This replay will be maintained on our website for at least twelve months.

Safe Harbor Statement

This press release contains forward-looking statements that involve
risks and uncertainties, including statements in the paragraphs under
“Business Outlook,” “Second Quarter Fiscal 2011 Business Outlook" and
"Long Term Business Model Targets" above, statements regarding
anticipated market, economic and revenue trends, and other statements
regarding our expected strategies, market and products positions,
performance and results. Other factors that could cause actual results
to differ materially include the following: general market, economic and
business conditions, our performance in particular geographies,
including emerging economies, the financial and business condition of
our reseller and distribution channels, fluctuation in foreign currency
exchange rates, the success of our foreign currency hedging program,
failure to achieve and maintain planned cost reductions and productivity
increases, slowing momentum in maintenance revenues, failure to achieve
sufficient sell-through in our channels for new or existing products,
pricing pressure, failure to successfully expand adoption of our
horizontal design products, our vertical design products and model-based
design products, difficulties encountered in integrating new or acquired
businesses and technologies, the inability to identify and realize the
anticipated benefits of acquisitions, unexpected fluctuations in our tax
rate, the timing and degree of expected investments in growth and
efficiency opportunities, changes in the timing of product releases and
retirements, failure of key new applications to achieve anticipated
levels of customer acceptance, failure to achieve continued success in
technology advancements, interruptions or terminations in the business
of Autodesk consultants, and any unanticipated accounting charges.

Further information on potential factors that could affect the financial
results of Autodesk are included in Autodesk’s report on Form 10-K for
the year ended January 31, 2010, and Form 10-Q for the quarter ended
April 30, 2010, which are on file with the U.S. Securities and Exchange
Commission. Autodesk does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made.